v3.26.3
SEGMENT INFORMATION (Tables)
 9 Months Ended
Sep. 27, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
The following tables summarize key financial information by segment:
Three Months Ended September 27, 2026
($ in thousands)ManufacturingDistribution
Total
Total net sales$755,018 $225,205 $980,223 
Cost of goods sold585,275 162,582 747,857 
Gross profit$169,743 $62,623 $232,366 
Operating expenses78,933 37,224 116,157 
  Operating income$90,810 $25,399 $116,209 
Reconciliation of reportable segment operating income to consolidated income before income tax:
Selling, general and administrative41,421 
Amortization of intangible assets23,283 
Interest expense, net18,828 
Inter-segment elimination1,670 
Consolidated income before income taxes$31,007 
Capital expenditures$18,491 $136 $18,627 
Depreciation and amortization$36,059 $4,611 $40,670 
Three Months Ended September 28, 2025
($ in thousands)
Manufacturing
Distribution
Total
Total net sales
$722,826 $259,037 $981,863 
Cost of goods sold
564,041 199,270 763,311 
Gross Profit
$158,785 $59,767 $218,552 
Operating expenses
74,380 36,584 110,964 
Operating income
$84,405 $23,183 $107,588 
Reconciliation of reportable segment operating income to consolidated income before income tax:
Selling, general and administrative
20,460 
Amortization of intangible assets
24,108 
Interest expense, net
18,451 
Inter-segment elimination
(3,273)
Consolidated income before income taxes
$47,842 
Capital expenditures$19,440 $227 $19,667 
Depreciation and amortization
$35,792 $4,531 $40,323 
Nine Months Ended September 27, 2026
($ in thousands)ManufacturingDistribution
Total
Total net sales$2,341,959 $688,511 $3,030,470 
Cost of goods sold1,817,797 508,373 2,326,170 
Gross profit$524,162 $180,138 $704,300 
Operating expenses235,101 112,847 347,948 
  Operating income$289,061 $67,291 $356,352 
Reconciliation of reportable segment operating income to consolidated income before income tax:
Selling, general and administrative96,431 
Amortization of intangible assets70,945 
Interest expense, net56,194 
Inter-segment eliminations(2,616)
Consolidated income before income taxes$135,398 
Capital expenditures$53,566 $619 $54,185 
Depreciation and amortization$108,746 $13,801 $122,547 
Nine Months Ended September 28, 2025
($ in thousands)ManufacturingDistribution
Total
Total net sales$2,253,833 $790,611 $3,044,444 
Cost of goods sold1,746,369 596,969 2,343,338 
Gross profit$507,464 $193,642 $701,106 
Operating expenses221,815 113,041 334,856 
  Operating income$285,649 $80,601 $366,250 
Reconciliation of reportable segment operating income to consolidated income before income tax:
Selling, general and administrative76,344 
Amortization of intangible assets73,084 
Interest expense, net56,432 
Inter-segment eliminations(1,762)
Other expense24,420 
Consolidated income before income taxes$137,732 
Capital expenditures$49,261 $781 $50,042 
Depreciation and amortization$108,708 $13,662 $122,370 
Schedule of the Reconciliation of Segment Operations
A reconciliation of certain line items pertaining to the total reportable segments to the condensed consolidated financial statements for the three and nine months ended September 27, 2026 and September 28, 2025, and as of September 27, 2026 and December 31, 2025 is as follows:
Three Months Ended
Nine Months Ended
($ in thousands)September 27, 2026September 28, 2025September 27, 2026September 28, 2025
Net sales:
Total sales for reportable segments$980,223 $981,863 $3,030,470 $3,044,444 
Elimination of inter-segment sales(4,946)(6,232)(16,317)(17,839)
Consolidated net sales$975,277 $975,631 $3,014,153 $3,026,605 
Depreciation and amortization:
Depreciation and amortization for reportable segments$40,670 $40,323 $122,547 $122,370 
Corporate depreciation and amortization1,927 1,644 5,840 4,852 
Consolidated depreciation and amortization$42,597 $41,967 $128,387 $127,222 
Capital expenditures:
Capital expenditures for reportable segments$18,627 $19,667 $54,185 $50,042 
Corporate capital expenditures661 6,631 1,661 14,702 
Consolidated capital expenditures$19,288 $26,298 $55,846 $64,744 

As of
($ in thousands)September 27, 2026December 31, 2025
Total assets:
Manufacturing segment assets$2,646,840 $2,476,411 
Distribution segment assets469,445 493,308 
Corporate assets unallocated to segments67,629 80,023 
Cash and cash equivalents16,040 26,432 
Consolidated total assets$3,199,954 $3,076,174